Overhead Conveyor Systems Market Research Report: Information by Function (Process Link, Process Decoupling, Buffering/Storage, Sorting and Sequencing), Technology (Pouch Sorter and Power & Free System), Weight (0–3 kg, 3–5 kg, 5–10 g, 10–20 kg and 20–50 kg), Capacity (Up to 1000 items/h, 1000–10,000 items/h and >10,000 items/h), Sales Channel (Direct and Via Main Contractors), Automation Grade (Manual, Semi-Automatic and Automatic), Application (E-Commerce/Retail, Logistics and Production Processes) - Forecast till 2027
ID: MRFR/IA - E/8096-CR | April 2020 | Region: Global | 136 pages
Overhead Conveyor Systems Market Overview
Overhead conveyor systems market in terms of value is estimated to register 5.18% CAGR during the forecast period.
The growth of the overhead conveyor systems market is driven by various factors such as the rising adoption of automated systems in manufacturing and high productivity and system efficiency of overhead conveyor systems. However, the growth of the market is expected to be hindered due to the high initial and maintenance costs.
The Global Overhead Conveyor Systems Market is expected to grow at about 5.18% CAGR during the forecast and reach USD 812.2 Million Metric Tons by 2025. In 2018, the market was led by Europe, with a 35.45% share, followed by Asia-Pacific and North America with shares of 31.01% and 25.00%, respectively.
In 2018, the Asia-Pacific is expected to register the highest CAGR during the forecast period. The growth of this region is driven by Japan, China, and India. In Japan, the developing automation sector in the country, increasing exports of automated products, rising adoption of automatic conveyor systems in manufacturing plants, labor shortage across several sectors, and growing demand for automation by Japanese automotive manufacturers to enhance efficiency are factors that are expected to drive the growth of the market.
In India, the focus on reducing production costs, adoption of automation in the manufacturing sector to stay competitive in the market, rising foreign direct investments in the manufacturing industry, increasing government initiatives for smart factories and industrial automation, and the rapidly growing end-use industries are expected to drive the growth of the overhead conveyor systems market.
Key Competitors
The Key Players of the Global Overhead Conveyor Systems Market are SSI SCHAEFER AG, Dematic, TGW LOGISTICS GROUP, Vanderlande Industries, Dürkopp Fördertechnik GmbH, Daifuku Co., Ltd, Ferag AG, psb intralogistics GmbH, Jiangsu Huazhang Logistics Technology Co., Ltd, PACLINE OVERHEAD CONVEYORS, Rapid Industries, Inc., Bastian Solutions, Inc., Allied Conveyor Systems, Schönenberger Systeme GmbH, Herbert Kannegiesser GmbH, OCS Overhead Conveyor System Ltd, CALDAN Conveyor A/S, KEWESTA GmbH, and JENSEN-GROUP.
Segmentation
The Global Market for Overhead Conveyor Systems has been segmented on the basis of Function, Technology, Weight, Capacity, Sales Channel, Automation, Application, and Region. On the basis of function the global overhead conveyor systems market is segmented into process link, process decoupling, buffering/storage, sorting, and sequencing. On the basis of technology the global overhead conveyor systems market is segmented into pouch sorter and power & free system. On the basis of weight the global overhead conveyor systems market is segmented into p0–3 kg, 3–5 kg, 5–10 g, 10–20 kg, and 20–50 kg. On the basis of capacity the global overhead conveyor systems market is segmented into up to 1000 items/h, 1000–10,000 items/h, and >10,000 items/h. On the basis of sales channel the global overhead conveyor systems market is segmented into direct and via main contractors. On the basis of automation grade the global overhead conveyor systems market is segmented into manual, semi-automatic, and automatic. On the basis of application the global overhead conveyor systems market is segmented into e-commerce/retail, logistics, and production processes
On the basis of sales channel, the via main contractor segment dominated the market with a share of 65.72%, having accounted for USD 377.6 million in 2018; it is projected to grow at the highest CAGR of 5.89% during the forecast period. Main contractors are engaged in the independent delivery and marketing of parts and equipment produced by the manufacturers. The contractors procure and install overhead conveyor systems and provide aftersales services to the end-use industries. The overhead conveyor systems contractors consider the requirements according to the application of overhead conveyor systems and offer standard or customized conveyor systems to the customers. Such factors are expected to drive the growth of this segment in the global market during the forecast period.
Regional Analysis
By Region, the Global Overhead Conveyor Systems Market is segmented into Europe, North America, Asia-Pacific, and the Rest of the World.
Global Overhead Conveyor Systems Market, by Region, 2018
Source: MRFR Analysis
Europe is dominating the market growth with the presence of countries such as Italy, the UK, and others.
In the UK, the need to reduce manufacturing costs, increase in adoption of SCADA based automation, adoption of smart manufacturing methods, and increase in demand for higher productivity with energy-efficient technologies are expected to drive the demand for the market. There are various conveyor system manufacturers and integration system start-ups rising in the country, which fuels the growth of the overhead conveyor systems market. These start-ups serve industries such as automotive, healthcare, and electronics.
In Italy, the high demand for manufacturing process automation, increasing adoption of automatic conveyor systems, and growing demand for security and efficiency in industrial processes are expected to drive the growth of the overhead conveyor systems market. The country is expected to witness an increase in sales of conveyor systems in the retail, rubber, plastic, food & beverage, and automotive industries.
In France, the demand for energy-efficient production technologies, high demand for embedded systems in manufacturing plants, the increasing degree of conveyor system adoption, and rising demand for the high-quality manufacturing process are further boosting the market growth. The other countries include Spain, NORDIC, RUSSIA, BENELUX, Austria, Poland, Sweden, Belgium, and the rest of Europe. These countries are expected to hold a substantial share of the overhead conveyor systems market due to government initiatives to improve production activities, growing production in the automotive, retail, food, and pharmaceutical industries, developments in cloud computing, mechatronics, automotive, and smart devices.
Market Segmentation
- By Function (Process Link, Process Decoupling, Buffering/Storage, Sorting, and Sequencing)
- By Technology (Pouch Sorter and Power & Free System)
- By Weight (0–3 kg, 3–5 kg, 5–10 g, 10–20 kg, and 20–50 kg)
- By Capacity (Upto 1000 items/h, 1000–10,000 items/h, and >10,000 items/h)
- By Sales Channel (Direct and Via Main Contractors)
- By Automation Grade (Manual, Semi-Automatic, and Automatic)
- By Application (E-Commerce/Retail, Logistics, and Production Processes)
Key Questions Addressed by the Report
- What was the historic market size (2018)?
- Which segmentation (Function/Technology/Weight/Capacity/Sales Channel/Automation/Application) is driving market?
- What will be the growth rate by 2025?
- How are the key players in this market?
- What are the strategies adopted by key players?
Report Scope:
| Report Attribute/Metric | Details |
|---|---|
| Market Size | 2027: USD 812.2 Million |
| CAGR | 5.18% CAGR (2020-2027) |
| Base Year | 2019 |
| Forecast Period | 2020-2027 |
| Historical Data | 2018 |
| Forecast Units | Value (USD Million) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Function, Technology, Weight, Capacity, Sales Channel, Automation Grade, Application |
| Geographies Covered | North America, Europe, Asia-Pacific, and Rest of the World (RoW) |
| Key Vendors | SSI SCHAEFER AG, Dematic, TGW LOGISTICS GROUP, Vanderlande Industries, Dürkopp Fördertechnik GmbH, Daifuku Co., Ltd, Ferag AG, psb intralogistics GmbH, Jiangsu Huazhang Logistics Technology Co., Ltd, PACLINE OVERHEAD CONVEYORS, Rapid Industries, Inc., Bastian Solutions, Inc., Allied Conveyor Systems, Schönenberger Systeme GmbH, Herbert Kannegiesser GmbH, OCS Overhead Conveyor System Ltd, CALDAN Conveyor A/S, KEWESTA GmbH, and JENSEN-GROUP |
| Key Market Opportunities | Increase production volume in emerging economies |
| Key Market Drivers |
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Frequently Asked Questions (FAQ) :
The global overhead conveyor systems market in terms of value is estimated to register 5.18% CAGR during the forecast period.
The global overhead conveyor systems market is expected to reach USD 812.2 Million Metric Tons by 2027.
Based on the sales channel, the via main contractor segment led the market with a CAGR of 5.89%
Europe is dominating the market growth with a 35.45% share, the presence of countries such as Italy, the UK, and others.
The growth of the market for overhead conveyor systems is driven by various factors such as the increasing adoption of automated fabrication systems.